Jeffreys offers monitoring services

Co-founder of Fund Research Peter Jeffreys is returning to the market with a fund risk monitoring service. Independent Risk Monitoring (IRM), which has a staff of five, is looking to profit from more stringent regulations included in the Ucits 3 regulation by providing an outsourcing fund monitoring service to fund management firms. It will monitor agreed risk parameters, benchmarks and mandates on portfolios and is looking to expand its staff to 11 by the end of the year. The group estimates a single IRM analyst can monitor up to 40 portfolios effectively. Jeffreys said there is growi...